Instead of worrying about $100 checks, proposedoil company windfall profit taxes, or George W. Bush… let’s just think for a minute. Why is oil $70 a barrel?

  • 30 April 2006: Iran claims nuclear project breakthrough. “Iran is developing an advanced centrifuge that would allow it to accelerate its controversial uranium enrichment programme, a senior official told state television yesterday. Mohammad Saidi, the vice-president of Iran’s Atomic Energy Organisation, made the claim a day after the International Atomic Energy Agency (IAEA) confirmed that Iran had ignored a United Nations ultimatum to end enrichment work.”
  • 29 April 2006: Iran rejects demands to abandon enrichment. “Iran on Saturday refused to stop uranium enrichment after a U.N. report said it had done little or nothing to prove it was not developing nuclear arms.”
  • 27 April 2006: Iran’s Supreme Leader Warns US Against Attacking Iran.
  • 26 April 2006: Iran threatens to strike at US targets if attacked

Oh wait, I forgot. Diplomacy is working.

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